2020-21Mr. Marynovskyy
Types of Business OwnershipType of OwnershipAdvantagesDisadvantagesSOLE PROPRIETORSHIPSSole proprietorships are businesses that have only one owner.PARTNERSHIPSPartnerships are businesses that have more than one owner.CORPORATIONSA corporation is a business that has many owners and those owners can be anyone who has bought ownership in the company by buying “shares.” CO-OPERATIVESA co-operative is a form of ownership where shareholders each have a membership in the organization. Each membership is allowed only one (1) vote at a shareholder meeting. Profits of the co-operative are then paid to shareholders based on the volume of business that they have done with the co-operative. ................
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